£82,383
This estimated value is based upon the latest sale price for the house of £80,000 on 14 Apr 2022. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £80,000 | 14 Apr 2022 |
| £75,000 | 16 Oct 2009 |
| Terraced |
| Freehold |
| Floor Area: 78 sq meters or 839 sq feet |
This model uses changes in the Official Land Registry House Price Index for TYNE AND WEAR to estimate the market value.
When this house was purchased in April 2022 the House Price Index for TYNE AND WEAR was 144.3.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 2.980%.Applying this 2.980% change to the original purchase price of £80,000 results in an estimated price of approximately £82,383.
| 14 Apr 2022 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 144.3 | 148.6 | 2.980 % | £80,000 | £2,383 | £82,383 |
The Postcode Pricing Model uses changes in average sales price within the NE8 postcode to calculate an estimated price.
The average sales price when the house was purchased is compared with the current average sales price.
This change is then applied to the initial purchase price to derive the current estimated price.
Three different estimates are shown, with averages drawn from 1 month, 3 month and 6 month timeframes.
The longer timeframes give less volatile estimates, but are not so timely.
More information on this model and the calculations
| Change % | Change £ | Estimated Price | |
| 1 Month Average | -16.114 % | £-12,890 | £67,109 |
| 3 Month Average | 5.918 % | £4,734 | £84,734 |
| 6 Month Average | 2.942 % | £2,353 | £82,353 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 6 Nov 2023 | £98,965 | £97,500 | 48 OLD DURHAM ROAD |
| 21 Sep 2023 | £135,634 | £133,900 | 69 CEMETERY ROAD |
| 13 Mar 2023 | £91,865 | £91,000 | 5 MALORY PLACE |
| 10 Mar 2023 | £186,760 | £185,000 | 2 MEREDITH GARDENS |
| 13 Feb 2023 | £101,432 | £101,500 | 43 MILTON SQUARE |
This house has a floor area of 78 sq meters or 839 sq feet when measured on 25 Nov 2021. Using an estimated price of £82,384 means this house is valued at £1,056 per sq meter (£98 per sq foot).
The average size of a house on MASEFIELD PLACE is 98 sq meters (1,062 sq feet).